(VentureBeat) Twenty-five CEOs and executives at virtual reality startups met recently to discuss how to survive a possible drought of funding and slow consumer growth in VR. Digi Capital predicted that AR and VR would be $150 billion in revenue by 2020. Now the forecast is for $108 billion in 2021. The aim of the discussion was to generate strategies that could benefit everyone.
The guest speakers were Greg Castle of Anorak Ventures and Tipatat Chennavasin of The Venture Reality Fund. Castle said that his advice has always been that this is going to be a long road for VR. Raise more than you think you’ll need. Manage your burn as closely as possible.